Major U.S. automakers are allocating significantly less per vehicle for electric vehicle development compared to their Chinese counterparts, according to industry analysis. While Ford, General Motors, and Stellantis invest under $400 per vehicle in EVs, Chinese competitors are spending up to $2,750 per vehicle, raising concerns about long-term competitiveness. The stark difference in investment highlights a potential gap in innovation and technology between Western and Chinese automakers. Industry experts warn that this disparity could impact future market leadership in the electric vehicle sector.
Ford, GM and Stellantis invest under $400 per vehicle in EVs — Chinese rivals spend up to $2,750, analyst warns Yahoo Finance
